Elon Musk Jim Watson | AFP | Getty Images SpaceX has raised just over $1 billion in financing since the beginning of the year, a filing seen by CNBC revealed on Friday, as the company seeks backing for its daunting plan to provide internet from a network of thousands of small satellites. The funds are

Michael Novogratz, CEO of Galaxy Investment Partners Adam Jeffery | CNBC Macro trader turned bitcoin bull Michael Novogratz is calling for fixes to capitalism — and a possible tax on Wall Street. The former Fortress hedge-fund manager pointed to a rising income gap and lack of investment in public education in the United States. One

Investment banker Ken Moelis told CNBC on Friday that it’s “almost impossible” to get the boards of U.S. public companies to enter into China deals. The tense Washington-Beijing relations are impacting large-cap stocks, the deal-making powerbroker said on “Squawk on the Street. ” “What you’re seeing in this volatility is a macro risk: China trade

Is fear getting in your way when it comes to saving and investing? If so, you aren’t alone, according to Akbar Gbajabiamila, co-host of NBC’s “American Ninja Warrior.” And there is a way to overcome it, he said. “My No. 1 strategy for overcoming fear is purpose,” said Gbajabiamila, who also once played football for

What a difference a month makes! Just weeks ago the investment horizon looked clear for light years, stock were roaring, the global economy glistened with a golden-age-aura, and all seemed well with the financial world. The sanguine outlook hinged on three critical linchpins: The US Fed’s late 2018 reversal on interest rate policy, switching from

Low-Tax States Are Now Adding Jobs 80% Faster Than High-Tax States Texas Public Policy Foundation Job growth has been running 80% stronger in low-tax states than in high-tax states since the passage of the Tax Cuts and Jobs Act of 2017 in December 2017. Understanding why holds important lessons for policy, economics, and politics. The

Arbor Eighteen is a luxe new condominium building emblematic of the rediscovered Greenwood Heights neighborhood Redundant Pixel Millennials are finally ready to begin buying in New York City. The evidence: All that’s happening in the Brooklyn enclave of Greenwood Heights. Younger New Yorkers’ quest for an accessibly-priced lifestyle, in a nook with easy subway access,

Ryan Graves was Uber’s first full-time CEO and employee, who was last senior vice president of global operations before announcing he would step down in August 2017. Graves said at that time he would remain on the board during the search for the replacement of his CEO successor, Travis Kalanick. Uber Uber said in a

A shopper checks on merchandise at the J.C. Penney department store in North Riverside, Illinois. Kamil Krzaczynski | Reuters For department stores, there may be no time left for subtlety. It is time for reinvention. A slew of retail earnings the past two weeks makes clear that while Americans continue to shop, they increasingly aren’t

Traders work on the floor at the New York Stock Exchange May 7, 2019. Brendan McDermid | Reuters Trade headlines could be a big factor for markets in the week ahead, but investors will also be attuned to fresh inflation data and moves in the bond market, which is flashing new worries about the economy.

Daniel Loeb Simon Dawson | Bloomberg | Getty Images Daniel Loeb’s Third Point has built a stake in Centene as the health insurer works to complete its previously announced purchase of WellCare Health Plans. While the activist hedge fund confirmed on Friday that it has a financial position in Centene, neither the reason for its

Science Photo Library / Getty Images You don’t need a million dollars to live a glamorous retirement, so long as you’re willing to leave the U.S. behind. “Most people assume that a high-flying existence like that is the purview of the rich and famous alone,” said Jennifer Stevens, the executive editor of International Living. They’re

When the market hits an air pocket is often a good time to buy stocks. Getty When the market hits an air pocket, it is hard to buy stocks because of the fear in the air. But it’s times like this when stocks are cheapest because the fear has taken the optimism out of prices.

From the outset, 2019 looked like it might be “The Year Of Retirement Reform” for Congress. Last year closed out with a number of retirement bills making real headway through DC, committees, think tanks and lobbyists, and we’ve been poised for major legislation to emerge. And now we have the first real movement of the

A beautiful beach house in Miami. Kobi Karp Architecture and Interior Design The start of summer means the beginning of outdoor living. But, that doesn’t mean you can’t live the outdoor life all year round. According to award-winning architect, Kobi Karp, founder and principal of Kobi Karp Architecture and Interior Design, one of the biggest trends in

Jamison Crowell is the executive director of the DC Area Trans-Masculine Society, Friday, March 15, 2019, in Washington, DC. Jahi Chikwendiu | The Washington Post | Getty Images The Trump administration on Friday rolled back health-care protections for transgender people by ending an Obama-era policy that prohibited health providers from discriminating against patients based on

Shares of Foot Locker tumbled in early trading Friday on weak profit and revenue numbers. The shoe retailer also cut its outlook for the year. Foot Locker now expects full-year earnings per share to be up by high-single digits, a more reserved outlook than the double digit increase it had forecast earlier. The company cited

Facebook CEO Mark Zuckerberg has held talks with his old rivals the Winklevoss twins as the social media giant plans to launch its own cryptocurrency, the Financial Times reported Thursday. Facebook has held talks with the cryptocurrency exchanges Gemini, which was founded by the Winklevoss twins, and Coinbase, the report said, citing sources. The company

Traders and financial professionals work on the floor of the New York Stock Exchange (NYSE) ahead of the opening bell, May 8, 2019 in New York City. Drew Angerer | Getty Images One of the biggest Chinese chipmakers is delisting from the New York Stock Exchange amid the trade war, but the company said the

With auto sales slowing, car shoppers are likely to find dealerships eager to move inventory over the Memorial Day weekend. While the holiday always marks a big sales push, this year it comes as cars are sitting on dealer lots longer before getting sold. The average in April was 75 days, about 6% higher than